Henry Miller once suggested: “It is the American vice, the democratic disease which expresses its tyranny by reducing everything unique to the level of the herd.” Nothing quite exhibits that thinking better than the latest reports that money has been flowing back into equity mutual funds as the markets head towards their all-time highs, as if there were little to consider in the world.
So today on the Financial Impact Factor Radio with Paul Petillo, Dave Kittredge and Dave Ng we discuss why this is happening, if it is good or bad and whether you can do anything about where the herd wants to take the markets. So this led us to a discuss about mortgages, why we aren’t responding to all of the information surrounding the apparent affordability of homes as compared to incomes and if it is worth the effort. The banking industry wants a herd. But you are resisting and they can’t figure out why.
Listen to Financial Impact Factor Radio with your hosts:
Paul Petillo of Target2025.com/BlueCollarDollar.com and Dave Kittredge and Dave Ng of FinancialFootprint.com

